4 ms·
Even at a 10% interest rate and 0% down, a $30k mortgage is only $263/mo. This person is basically admitting that they are extracting value off the backs of the
by deleuze 6y ago
Even at a 10% interest rate and 0% down, a $30k mortgage is only $263/mo. This person is basically admitting that they are extracting value off the backs of the working poor due to unequal access to the banking system. I cannot imagine admitting being a slumlord on a public forum. And people wonder why people hate landlords.
- poulsbohemian 6y agoIf he got a loan, it wouldn't be 0% down because it would be on investment terms not residential terms. Chances are a $30K house needed improvement before it could be rented, and rentals are seldom free to run either -- there's ongoing maintenance, there's the carrying costs between tenants, etc. Calling the parent poster a slumlord without facts when your account is just a few hours old is pretty lame.